I was at the pharmacy the other day, and the clerk, who’s a sharp guy and knows I’m in real estate, asked “when these big corporations that bought huge numbers of rental homes during the downturn decide to sell, won’t there be some good deals?”
Old boomers need affordable housing too! And accessibility features and provisions for in-home care. And the aging-in-place design features they’ll need over the next twenty years in their housing are also what today’s young whippersnappers will need when they get old.
Based on one major builder’s remarkably candid assessment, building affordable housing is going to remind us of Bismarck’s famous aphorism about the legislative process: Laws are like sausages. It’s better not to see them being made.
Over the years, Silicon Valley real estate has paid off handsomely for investors. But there are three common misconceptions that can trip up beginners.
It’s not unusual to have your friends tell you you paid too much for your home. It is unusual to have your local newspaper tell you you paid too much for your home.
The train keeps a-rollin’, with the median home price in Santa Clara County up almost 20 percent from August 2016, and in San Mateo County up a paltry 10 percent, according to the latest California Association of REALTORS data.
“Sparse housing inventory continues to affect the Northern California market.”